Mobiveil Appoints Semiconductor IP Industry Veteran Dale

Mobiveil Appoints Semiconductor IP Industry Veteran Dale Olstinske as the New Vice President of Sales

MILPITAS, Calif., Sept. 17, 2013 — (PRNewswire) — Mobiveil, a leading silicon intellectual property and subsystem based solutions provider, today announced the appointment of Mr. Dale Olstinske as the new Vice President of Sales. In his new role, Olstinske will drive Mobiveil's worldwide semiconductor IP sales to further accelerate company's revenue growth. Dale is a seasoned sales professional who brings 35 years of semiconductor industry experience having served in leadership roles with leading electronic design automation (EDA), intellectual property (IP) and semiconductor companies.

"I'm excited to be part of the Mobiveil team," said Olstinske. He further added, "Mobiveil has a rich portfolio of mature, silicon proven IP blocks that is highly configurable and easy to integrate in to SOC (system on chip) designs. Moreover, the company is developing IP for emerging markets including the exploding solid state storage and the expanding mobile device. Mobiveil has what it demands to be a successful IP company, exceptional customer support and services. I look forward to engaging customers and partners around the world in my new position."

"We are delighted to have Dale on board to expand the reach of Mobiveil's IP offerings," said Ravi Thummarukudy, CEO of Mobiveil. He further commented, "The Mobiveil team has broad and deep semiconductor and systems design experience delivering world class IP Portfolio consisting of PCI Express (PCIe), Serial RapidIO (SRIO), NVM Express (NVMe), DDR4/3, ONFI Flash Controllers and 1G/10G Ethernet MACs used by Industry leaders. I'm confident that Dale's addition to our management team, with his vast industry experience, will create the next level of momentum in our revenue growth for 2014 and beyond."

Prior to joining Mobiveil, Dale was VP of sales for Denali, subsequently acquired by Cadence Design Systems. At Denali, Dale was responsible for World Wide sales of EDA tools and Semiconductor IP. Dale was earlier part of the management team at Logic Vision during its growth phase culminating in a successful IPO in 2001. Before moving into Semiconductor IP and EDA sales, Dale spent over 20 years in various sales, marketing and management positions with Intel and LSI logic. Dale holds a bachelor's degree in Electrical and Computer Engineering for the University of Wisconsin, Madison.

About Mobiveil

Mobiveil is a fast-growing Technology company that specializes in creation of Intellectual Properties, Frameworks and Solutions for the Networking, Storage, Enterprise and Device Mobility markets. The Mobiveil team leverages decades of experience in delivering high-quality, production-proven, high-speed serial interconnect Silicon IP cores and custom and standard form factor hardware boards to leading customers worldwide. With a highly motivated engineering team, dedicated integration support, Flexible business models, strong industry presence through strategic alliances and key partnerships, Mobiveil solutions have added tremendous value to the customers in executing their marketing and engineering goals within budget and on time.

Mobiveil is headquartered in the Silicon Valley with engineering development centers located in Milpitas, CA, Chennai and Bangalore, India, and sales offices and representatives located in US, Europe, Israel, Japan, Taiwan and People Republic of China.

For more information visit us at http://www.mobiveil.com

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